What Are The Hotspot Cities For Finance Workers?
Every company needs its finances looking after, so accountants are in high demand throughout the U.S.
Unlike many sectors, like tech in California, there’s no “base” for the accountancy industry.
Nonetheless, there are some cities where there are a lot of roles in the sector.
Denver has a booming economy, a blossoming financial sector, and projected growth in the coming years.
The city’s financial services industry supports 14,000 companies and more than 98,000 employees.
Over the next five years, the city’s investment employment growth has been tabbed at 22.1 percent.
New York City is the world’s financial capital, hosting the NYSE and NASDAQ, more than 300,000 high-paying finance jobs, and the largest regional bank in the U.S.
The downside is that it’s very expensive to live there.
Boston has more than 50,000 accountants and auditors and a slightly lower cost of living than New York.
It has a growing job market and an expanding finance industry.
Chicago is the second-largest financial hub in the U.S.
More than 80,000 accountants, auditors, and bookkeepers live in the state, and the sixth and eighth largest accounting firms—Grant Thornton and BDO USA.
Minneapolis is a rising city in the accounting world.
It has two massive accounting firms within its city limits: LarsonAllen and RSM McGladrey Inc., in the top 20 nationally.
Los Angeles, California
Los Angeles is the central financial hub on the West Coast, providing access to Asian markets.
It’s a bigger pull for those who are CPAs and have plenty of experience. However, it’s known for its brutal commute and focus on materialism and inflated social status.
The cities above are the hotspots in the U.S., where some big accountancy firms are based.
However, where there are businesses of any kind, there are accountants, so if you complete your training, you should be able to find a job where you are.